 | Qatar Exchange rises
57 points to 8,848
THE Qatar Exchange benchmark
index rose 57 points (0.6
percent) to 8,848 points. It was
the index´s highest close since
January 5 and seventh straight
advance. Gainers outnumbered
losers 16 to four.
Qatar National Bank climbed
1.4 percent ...
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| | Aamal net profit down 5% to QR533.7mn in 2011 |  AAMAL Company on Sunday said
its net profit for 2011 decreased
five percent to QR533.7 million,
compared with QR561.9 million
in 2010.
According to the company´s
financial statement, the revenue
was up 56.9 percent to
QR1,910.1million compared with
QR1,217.1million in 2010, while
gross profit was up 15.3 percent to
QR 441.7 million compared with
QR383.1 million in 2010.
Commenting on the results,
Aamal Chairman Sheikh Faisal
bin Qassim al Thani said, "The
year 2011 was a year of both
significant change and growth for
Aamal Company. Total group revenue
rose by 56.9 percent over the
year driven principally by an
increase in ... | | | Kurds halt oil exports
in payment row |  IRAQ´S Kurdish region halted
oil exports on Sunday after
Baghdad´s top energy official
warned it to reconsider before
following through on the
threat over the government´s
non-payment of funds.
The move by Kurdistan is
the latest in a long-running
row between Baghdad and
Kurdish authorities in Arbil,
who have have squabbled
over payments, revenue-sharing
and the central government´s
refusal to recognise
deals Kurdish officials have
signed with foreign energy
firms.
Kurdistan said a week ago
that it had been exporting
50,000 barrels of oil, and
threatened to stop exports
entirely if Iraq did not hand over
$1.5 billion Arbil said ... | | | Spain reveals deep cuts
to meet deficit target |  SPAIN announced deep cuts
to its central government
budget on Friday as it battles
to convince European partners
and debt markets it can
rein in its budget deficit in the
face of growing complaints
from the public.
The government said it
would make savings of 27 billion
euros (22 billion pounds)
for the rest of 2012 from the
central government budget,
equivalent to around 2.5 percent
of gross domestic product.
The figure includes tax
rises and spending cuts of
around 15 billion euros
announced in December.
The cuts come despite popular
resistance - a general
strike on Thursday disrupted
transport, halted industry and
saw some minor violence -
and against a ... | |
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